Jeanine:  Right on!  This new type of title insurance stinks.  I have and am continuing to speak with regulators so that they understand the difference between  TRADITIONAL FULL TITLE EXAMINATION behind a policy and a CRAPPY EMPTY chop shop version.

Yes, both have ALTA jackets but they are not the same product.  Consumers who purchase these empty jackets are being robbed.

ALTA has an enhanced policy and a regular policy.  They ought to create an econo model for these cheap fast and stupid versions.  The funny thing is that the risk is so much higher if you aggregate the crappy stuff into a different format that the crapola premium might have to be higher than enhanced!

Nuts....absolutely nuts.  Anyone who feels like they can articulate this topic well, please contact your state insurance regulator  and educate them.  States CAN set standards as part of their licensing law.